How to profit from Britain's tourism boom

Our tourism industry has been and remains badly neglected by the government – but the fall in the pound means that it will boom regardless, says Jonathan Compton.

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Successive governments have deliberately focused attention away from one of the UK's most important entrenched problems: the burgeoning current-account deficit. This is the difference between the value of goods and services which a country exports and imports. An ever-rising deficit is guaranteed eventually to produce unpleasant results including currency collapse, a run on foreign-exchange reserves, repressive taxation and higher interest rates.

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Jonathan Compton was MD at Bedlam Asset Management and has spent 30 years in fund management, stockbroking and corporate finance.